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Aug 23, 2017
08/17
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the deficit and the debt ceiling. oh well. in 2002 when vice president dick cheney made the statement that the deficit doesn't matter. it really seems republicans are not concerned about the debt or debt ceiling. ago, throughays the a statement that there is zero chance we won't raise the debt ceiling. with vice president cheney correct? am i correct when i say the republicans don't care about the debt unless there is a democrat in the white house? gue i rememberst vice president cheney saying that, and he is wrong:. deficit and debt do matter. it is not existential to the economy and, but it is corrosive on the economy. higher deficit and debt results in higher interest rates. those higher interest rates in less business investment, less compete -- consumer spending and the long run. no, he is not right. downloadits in the matter a lot. -- and the debt load matter a lot. i know well intentioned lawmakers on both -- in both parties. a role inlays everything, but there are many republicans who believe there are deficits that do
the deficit and the debt ceiling. oh well. in 2002 when vice president dick cheney made the statement that the deficit doesn't matter. it really seems republicans are not concerned about the debt or debt ceiling. ago, throughays the a statement that there is zero chance we won't raise the debt ceiling. with vice president cheney correct? am i correct when i say the republicans don't care about the debt unless there is a democrat in the white house? gue i rememberst vice president cheney saying...
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Aug 24, 2017
08/17
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the deficit and the debt ceiling. oh wow! it was not too long ago, actually in 2002 when vice president dick cheney made the statement that the deficit doesn't matter. it really seems republicans are not concerned about the debt or debt ceiling. unless there is a democrat in the white house area just a couple of days ago, mitch mcconnell made the statement that there is zero chance, that we will not raise the debt ceiling. so, was vice president cheney correct? am i correct when i say the republicans don't care about the debt unless there is a democrat in the white house? host: you're right, i remember vice president cheney saying that, and he is wrong. mark zandi: deficit and debt do matter. it is not existential to the economy immediately but it is corrosive on the economy. higher deficit and debt results in higher interest rates. those higher interest rates in -- they mean less business investment, less consumer spending in the economy in the long run. so no, he is not right. , the deficits in the download -- the debt load
the deficit and the debt ceiling. oh wow! it was not too long ago, actually in 2002 when vice president dick cheney made the statement that the deficit doesn't matter. it really seems republicans are not concerned about the debt or debt ceiling. unless there is a democrat in the white house area just a couple of days ago, mitch mcconnell made the statement that there is zero chance, that we will not raise the debt ceiling. so, was vice president cheney correct? am i correct when i say the...
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Sep 9, 2017
09/17
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daca and debt ceiling are crucial. if the republicans across the board cannot resolve some of these issues, we may get it a failing grade. if we are waiting until january or february to accomplish this, we have waited too late. all of those issues should be something we are capable of and willing to engage. >> how worried are you about the leverage in december with democrats going to be supplying some of the votes for the debt ceiling and having a government spending conversation as well? are you worried at all about the democratic leverage in that than 1234rep. walker: i am concerned about it. we are going to do what we feel like is right. try to create and layout of ision. what we get the votes needed? i don't know we will, and that s one of the concerns. >> you mentioned health care. you signed on to a petition that would not include a replacement for the obamacare law. do you think there is time for the house to go forward with that in september, knowing that he budget reconciliation vehicle expires on september 30
daca and debt ceiling are crucial. if the republicans across the board cannot resolve some of these issues, we may get it a failing grade. if we are waiting until january or february to accomplish this, we have waited too late. all of those issues should be something we are capable of and willing to engage. >> how worried are you about the leverage in december with democrats going to be supplying some of the votes for the debt ceiling and having a government spending conversation as well?...
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Nov 15, 2014
11/14
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us on ato put sustainable debt path and reinvigorate our struggling economy. 2011 debt ceiling crisis through the recession of 2013, we have failed to see a grand bargain. the deficit has fallen since its peak in 2009 and washington is ared in gridlock, there is fiscal outlook that remains as challenging as ever. as soon as 2015, deficits are expected to rise, again approaching $1 trillion i the end of the decade. will not be a challenge, but hopefully an opportunity to create more impactful spending policies. for those of you who want to take up the mantle, know that the concord coalition and others like us are here to assist you. we have a great panel here today, and we have some potential solutions and what they might look like. we have the senior policy director of the responsible budgetary organization. spent three months on a supercommittee. ist we have steve bell who the executive director of economic policy at the group, andpolicy then we have bob bixby, executive director of the concord coalition. he proposed a comprehensive bipartisan solution to address the nation's fiscal
us on ato put sustainable debt path and reinvigorate our struggling economy. 2011 debt ceiling crisis through the recession of 2013, we have failed to see a grand bargain. the deficit has fallen since its peak in 2009 and washington is ared in gridlock, there is fiscal outlook that remains as challenging as ever. as soon as 2015, deficits are expected to rise, again approaching $1 trillion i the end of the decade. will not be a challenge, but hopefully an opportunity to create more impactful...
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6.0
Oct 6, 2021
10/21
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. -- won't vote to raise the debt ceiling. follow live senate coverage on c-span2. continues. host: joining us now is matt bennett of the third way. thank you for joining us. guest: thank you. host: can you describe your group and people you represent? guest: we are a centerleft think tank and advocacy organization, essentially moderate democrats and we work closely with groups like the moderates and the senate, and of course course with the biden administration. host: talk about what it is like to be a moderate democrat, especially these days on capitol hill and at the debate on the build back better administration. guest: it is the best of times and worst of times. on the good news front, there's a lot of us. we are one of the largest caucuses in the congress, in the senate. we are willing quite a bit of power. and the president is a self-described moderate. so it is a good time to be a moderate. on the other hand, when you're having these interparty debates and what it means to be a moderate is being defined by a small numb
. -- won't vote to raise the debt ceiling. follow live senate coverage on c-span2. continues. host: joining us now is matt bennett of the third way. thank you for joining us. guest: thank you. host: can you describe your group and people you represent? guest: we are a centerleft think tank and advocacy organization, essentially moderate democrats and we work closely with groups like the moderates and the senate, and of course course with the biden administration. host: talk about what it is...
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Apr 21, 2017
04/17
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i am focused on the debt ceiling. i donk you should know have these special powers, i get to move money around and do special things. even though we have hit the debt ceiling, we continue to fund the government. we had a big day on april 18. dollars onlions of tax day. it was impressive the number of transactions we do online. i am confident we will get the debt ceiling raised you'd hopefully before the summer. of leeway.nty i think we will have bipartisan support on raising the debt ceiling. we have committed the money. the u.s. government credit is the most important credit. i believe it is aaa credit, and we will keep it that way. secretary, we wish you the best of luck. on behalf of all of us, thank you for taking this job on, we appreciate everything you are doing. >> thank you very much. [applause] >> white house budget director nick mulvaney and gary cohen also spoke at the summit. >> thank you for being here. i wanted to start and ask
i am focused on the debt ceiling. i donk you should know have these special powers, i get to move money around and do special things. even though we have hit the debt ceiling, we continue to fund the government. we had a big day on april 18. dollars onlions of tax day. it was impressive the number of transactions we do online. i am confident we will get the debt ceiling raised you'd hopefully before the summer. of leeway.nty i think we will have bipartisan support on raising the debt ceiling....
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Sep 9, 2017
09/17
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in 2014, only 24 republicans voted for the debt ceiling to be increased. we understand the importance of it. all we are asking is that some reform be attached to it long-term. nearly all of us footage for the relief package on wednesday, but when we start attaching things that drive is deeper into debt time after time, a lot of us have problems with that. >> these issues are not pushed off -- are now pushed off. have you approach negotiations knowing what you know now about how house and senate leadership carries themselves and we are meeting with president trump on chairman do you as the say these are going to be our top pieces to negotiate and what to the next couple of weeks of life? rep. walker: we are going to do the same thing we have done the last several weeks and be --active and spent the thick and specific. -- we haveowed down narrowed it down to 19 reforms. i was disappointed today in the treasury secretary's response to our questions in the conference meeting we had. concerning specifically one question i personally asked, what does the debt ce
in 2014, only 24 republicans voted for the debt ceiling to be increased. we understand the importance of it. all we are asking is that some reform be attached to it long-term. nearly all of us footage for the relief package on wednesday, but when we start attaching things that drive is deeper into debt time after time, a lot of us have problems with that. >> these issues are not pushed off -- are now pushed off. have you approach negotiations knowing what you know now about how house and...
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44
Nov 14, 2014
11/14
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i want to conclude about talking debt ceiling. the reason is -- i was very to work for a man da d howard baker and pete vinci. there is no doubt in my mind power ving congress the to set the debt limit and use it a hostage for other kinds of its is long past usefulness. i believe very strongly we not have a debt ceiling united states house and senate. to get se the process around that, stkpeut's not only me. there is a conservative australia, bright guys, they decided they were involve their egislature forsetting a debt ceiling and they did and that same government said we're not oing to do this again and they removed that particular provision allowing the set alian parliament to debt ceilings. the debt ceiling to me is just monetary policy. really want 535 people of and us backgrounds monetary ns setting policy for this country that has currency of the world. you might want it at first blush it. u ought not to want so we believe in getting rid of ceiling and getting rid caps, improving the composition of the pwublg et ommittees a
i want to conclude about talking debt ceiling. the reason is -- i was very to work for a man da d howard baker and pete vinci. there is no doubt in my mind power ving congress the to set the debt limit and use it a hostage for other kinds of its is long past usefulness. i believe very strongly we not have a debt ceiling united states house and senate. to get se the process around that, stkpeut's not only me. there is a conservative australia, bright guys, they decided they were involve their...
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82
Jan 15, 2013
01/13
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there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there are more than one battle happening. where do you think the negotiations should take place? should be the debt ceiling or the continuing resolution to fund the government or sequestration? caller: the continuing revolution to keep the government going -- resolution. there are many departments we don't need. i was showing my grandchildr the debt clock, telling him how much money he would know when he becomes a taxpayer. he said he does not want to become a taxpayer. this is taxation without representation. they have to get this under control. they need a dyiet. host
there's the debt ceiling, whether or not to raise the debt ceiling. some are talking about shutting the government down when the continuing resolution that authorizes spending for this government runs out, that he would negotiate then on this whole issue of spending cuts and new revenue. and if you cannot get a deal, then you let the government shutdown. some republicans are laying the groundwork for that. then you have the sequestration that was delayed under the fiscal cliff deal. so there...
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132
Feb 12, 2014
02/14
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lift thee voted to debt ceiling. sadly, 199 house republicans voted to default on the full faith and credit of the united states." what do you think? think it is good because now we can pay the past-due bills. they should not have given it up so lightly. they should have fought and presented new legislation to prevent us from having to continually raise the debt ceiling. host: joe was in colorado. what do you think? caller: i think a lot of the previous colors happen right on. you have people in congress that do not represent republicans. .hey are republicrats they don't represent us. i'm a rancher and i'm 55 years old. i get up and work very hard every day. these people go -- what they are .oing in d.c. is a travesty they don't represent us. boehner should've been gone years ago. him and his fake suntan should have been kicked to the curb a long time ago. they don't represent us. it is frustrating. every republican i talked to say we don't represent the country we are in anymore. ist: who do you think representing y
lift thee voted to debt ceiling. sadly, 199 house republicans voted to default on the full faith and credit of the united states." what do you think? think it is good because now we can pay the past-due bills. they should not have given it up so lightly. they should have fought and presented new legislation to prevent us from having to continually raise the debt ceiling. host: joe was in colorado. what do you think? caller: i think a lot of the previous colors happen right on. you have...
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20
Sep 10, 2017
09/17
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eye 20
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daca is also important, the debt ceiling. as i said earlier, if republicans across the board cannot resolve some of these issues, we may get a failing grade for this congress. if we are waiting until january or february to accomplish this, we have waited too long. all of those issues should be something we should be capable of. >> how worried are you about the leverage in december with democrats going to be supplying some of the votes for the debt ceiling and having a government spending conversation as well? are you worried at all about the democratic leverage? >> i think some of our leverage was surrendered to the democrats and i am concerned about it or read but i am not worried about it. we will do what we think is right, try to create and lay out a vision. will we get the amount the votes that are needed? i do not know that we wheel, that is one of the concerns, we are not sitting here on the hamster will, but that is one of our concerns. >> you mentioned health care. you signed on to a petition that would not include a
daca is also important, the debt ceiling. as i said earlier, if republicans across the board cannot resolve some of these issues, we may get a failing grade for this congress. if we are waiting until january or february to accomplish this, we have waited too long. all of those issues should be something we should be capable of. >> how worried are you about the leverage in december with democrats going to be supplying some of the votes for the debt ceiling and having a government spending...
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31
Apr 21, 2017
04/17
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eye 31
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along the way, the debt ceiling increased, a few minor things, but those are my priorities. mark: you don't have ambitious goals. when i'm hearing. sec. mnuchin: it's a big agenda. mark: it is. to debt ceiling is going be -- sec. mnuchin: see. i gave you a freebie there. mark: i know you did. be reached.o you've got extraordinary measures you can do. sec. mnuchin: i'm using superpowers. we had a big day on april 18th, in tens of billions of dollars on tax debt. i'm confident we'll get the debt ceiling right. we'll have bipartisan support. mark: hear, hear. thesecretary, we wish you best of luck, not only your responsibilities, but your legacy. sec. mnuchin: thank you. have great confidence in everything you're doing. sec. mnuchin: thank you very much. [applause] >> current federal government spending authority runs out a today, as craig kaplan points out. congress has to pass a bill to before theing midnight deadline next week to avert a partial government shutdown. two-weekreturns from a break next week. caplan, our capitol producer. >>> mexico's secretary of finance and pu
along the way, the debt ceiling increased, a few minor things, but those are my priorities. mark: you don't have ambitious goals. when i'm hearing. sec. mnuchin: it's a big agenda. mark: it is. to debt ceiling is going be -- sec. mnuchin: see. i gave you a freebie there. mark: i know you did. be reached.o you've got extraordinary measures you can do. sec. mnuchin: i'm using superpowers. we had a big day on april 18th, in tens of billions of dollars on tax debt. i'm confident we'll get the debt...
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60
Oct 14, 2013
10/13
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if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme court might rule. order me asation is treasury secretary to pay the bills as they come in on time and in full, and those people who feel they have been aggrieved can take this to the supreme court. host: what has the white house said about the option? guest: that line of reasoning has been rejected. i think i know why. they do not want that situation to recur. they are not want the president -- host: sounds like you think the option might be on the table. guest: i do not know what secretary lew will recommend. for me it is a bina
if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme...
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93
Dec 12, 2012
12/12
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one is that fiscal cliff, to is the debt ceiling. three is the so-called big deal that has to be done on our debt and deficit. of fortunately those issues, convoluted, especially in this town. they are distinct. the impact each other but they are distinct. this fiscal cliff is an artificial state. congress came in, said this law expires on this date. they extended it wants. they put in the sequestration. it is a date. all they have to do is extend the date and allow themselves time to discuss the issues. instead they are putting it all into a lame duck session. that is a problem. sometimes it leads to bad policy. the fiscal cliff can have real consequences. cbo has said that it would cause a recession if we were to go off the fiscal cliff. i do not dispute that i do point out that in 1993 when these taxes were first put in, many said they will cause a recession. they did not. the economy is improving on its own right now. and getting some much stronger. the impact of the fiscal cliff, while not something to be encouraged, may not be
one is that fiscal cliff, to is the debt ceiling. three is the so-called big deal that has to be done on our debt and deficit. of fortunately those issues, convoluted, especially in this town. they are distinct. the impact each other but they are distinct. this fiscal cliff is an artificial state. congress came in, said this law expires on this date. they extended it wants. they put in the sequestration. it is a date. all they have to do is extend the date and allow themselves time to discuss...
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45
Jun 22, 2017
06/17
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eye 45
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when was the last time that the treasury department asked the to raise the debt ceiling? guest: last time this happened roughly two years ago, the debt limit was suspended for a and came back into effect on march 16th. the really important point i to k here for viewers understand is that this really matters for the american public. importantly fwe get to a point where the federal government can't pay all the bills, that will be unprecedented, truly extraordinary to a point where event and what it investors who that have funds in stock market, in government security, all of them could be impacted by sorry, by reduced value of their investments and by higher interest rates through like the mortgages they have or car loans or credit card debt that they own, so that could be a shockwave through the where our a time economy is growing, but not ccelerated rate right now, so this could really be additional a country for us as and also impact individual americans in a really personal way. shai akabas here to take questions and comments about the federal debt limit. nothing now so
when was the last time that the treasury department asked the to raise the debt ceiling? guest: last time this happened roughly two years ago, the debt limit was suspended for a and came back into effect on march 16th. the really important point i to k here for viewers understand is that this really matters for the american public. importantly fwe get to a point where the federal government can't pay all the bills, that will be unprecedented, truly extraordinary to a point where event and what...
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Sep 29, 2021
09/21
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debt ceiling. congress would have the authority to reject that, but that would require an act of congress and a signature from the president of the united states. there are others, jared nadler wants to have a coin that does not even require congressional activity. we talked about an array of things. [end video clip] host: the speaker talking about other ways in the future to resolve the issue. what are your thoughts? guest: the most fundamental issue whether it is either the question of a shutdown or the debt ceiling, or many other things, one of the places we are focused on is to ensure that we have leadership in addressing changes to the senate confirmation process. there are a bunch of that i would describe as system issues that are breaking down in our government that have enormous consequences for the ability of our country to succeed in dealing with an array of problems, and they are issues that do not generally get a lot of attention until there is a crisis in the system and when we get pas
debt ceiling. congress would have the authority to reject that, but that would require an act of congress and a signature from the president of the united states. there are others, jared nadler wants to have a coin that does not even require congressional activity. we talked about an array of things. [end video clip] host: the speaker talking about other ways in the future to resolve the issue. what are your thoughts? guest: the most fundamental issue whether it is either the question of a...
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29
Nov 17, 2014
11/14
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the debt ceiling to me is just like monetary policy. do you really want 535 people of various backgrounds and inclinations setting monetary policy for this country? you might want it, at first blush, but you ought not to want it. so we believe in getting rid of the debt ceiling and getting rid of the sequester caps, imprisoned -- improving the composition of the budget committees, and improving the complexity that many of you would find very interesting as you go along this year. >> thank you, steve. i will talk about some of the things that he touched on, but i want to reiterate, i think as mark said at the beginning, we have made some progress from the debt coming down from the astronomical heights that it was at in the last couple of years. it provided a sense of relief, and people thought, naturally, we can do it to other things. but there is still a need for a long-term fiscal outlook to be addressed. we are still on and unsustainable path. the debt will start going up again fairly soon. so we really don't have a mission accomplish
the debt ceiling to me is just like monetary policy. do you really want 535 people of various backgrounds and inclinations setting monetary policy for this country? you might want it, at first blush, but you ought not to want it. so we believe in getting rid of the debt ceiling and getting rid of the sequester caps, imprisoned -- improving the composition of the budget committees, and improving the complexity that many of you would find very interesting as you go along this year. >> thank...
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53
Sep 8, 2017
09/17
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eye 53
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the control the spending in the house and senate, so raising the debt ceiling is a necessary product of not controlling our spending. how do we argue against ourselves if we are the ones controlling the spending? i think we could have gotten their but with the debt ceiling increase without going to the democrat leadership house and senate, but president trump seem to bypass that and make that deal. i look at agreements in components. is there any component i would oppose? it the answer is no, i intend to support the agreement. i think there might have been politically a way to do that that would have been more unifying to house republicans. host: the senate agenda for the rest of the congress getting busier with the administration's announcement this week on their decision on the daca, the delayed action on the children of immigrants, some 800,000 immigrants affected by that. what was your take on the administration's stance? guest: i have been pretty clear with the president on this and i had a discussion tuesday morning with them. he pledged many times to hand daca's candidate, and
the control the spending in the house and senate, so raising the debt ceiling is a necessary product of not controlling our spending. how do we argue against ourselves if we are the ones controlling the spending? i think we could have gotten their but with the debt ceiling increase without going to the democrat leadership house and senate, but president trump seem to bypass that and make that deal. i look at agreements in components. is there any component i would oppose? it the answer is no, i...
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5.0
Dec 9, 2021
12/21
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>> let's keep in mind the debt ceiling is in a such devastating position because democrats have spent trillions already on things like, that $1.9 trillion spending bill that had nothing to do with covid but bailing out failed states and giving people money not to work. when donald trump was president, there were three different budget cap and spending and debt cap agreements that were reached between trump and speaker pelosi. you had a time when republicans and democrats work together to determine whether the spending caps we should have to control spending in washington and deal with the debt that goes with it? that has happened at all this year, democrats have been on a reckless spending spree, and not once have they sat with republicans to do with the debt that they are wrecking up. families know this every day, because if they are maxing out their credit card, they do not just apply for more and send a bill to their kids, they figure out how to put a limit on spending. that hasn't happened in washington. whether you look at how the senate is going to handle it, the real problem is
>> let's keep in mind the debt ceiling is in a such devastating position because democrats have spent trillions already on things like, that $1.9 trillion spending bill that had nothing to do with covid but bailing out failed states and giving people money not to work. when donald trump was president, there were three different budget cap and spending and debt cap agreements that were reached between trump and speaker pelosi. you had a time when republicans and democrats work together to...
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176
Jul 24, 2011
07/11
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in april, 46% said congress would not raise the debt ceiling. 16% said the debt ceiling would be raised. in july, it's more even. 31 still not sure. 38% now say the debt ceiling should be raised. how do you explain the doubling should be raised in a three-month period. guest: republicans are not saying to raise the debt ceiling. they don't want a default. they've put forth plan and plan again. the white house has never put out concrete plans. that's been the frustration of republicans. he gave quiet talks, made a speech railing at chairman ryan. had press conference. he hasn't put forth any document. at least it is a plan. we may not agree with it. the senate can't even put forth a budget or a plan. i suspect it is because has a huge problem to put forth. >> i think what american people have heard is that the economy is going to collapse. we bailed out the banks, people got bonuses. the economy is still terrible. >> we told people we do know that economic policy dictates that we really did need to bail out the banks. when they hear you have to face the debt ceiling. it feels they've bee
in april, 46% said congress would not raise the debt ceiling. 16% said the debt ceiling would be raised. in july, it's more even. 31 still not sure. 38% now say the debt ceiling should be raised. how do you explain the doubling should be raised in a three-month period. guest: republicans are not saying to raise the debt ceiling. they don't want a default. they've put forth plan and plan again. the white house has never put out concrete plans. that's been the frustration of republicans. he gave...
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Sep 2, 2017
09/17
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i wanted to pick up where the senator left off, on the issue of debt ceiling. we are using extraordinary measures. do extraordinary measures have cost to the taxpayer? sec. mnuchin: yes. >> give me a guess as to what they cost the taxpayer when we move past the time period and wait and delay the decision on the action. sec. mnuchin: there is a significant cost. it is twofold. the first cost is a real cost, which is right now effectively, as opposed to barring in the market at lower rate, we are borrowing and making our trust funds hold at slightly higher rates. there is a real cost to doing that. there is also an implied cost of uncertainty into the market. the longer we wait, the more that uncertainty will be. again, i fully urge congress to deal with this issue as soon as possible. >> a couple things on that. the best guess i have been working with your team and trying to get an accurate cost of extra ordinary measures, is $2.5 billion to the taxpayer in real dollars. we pay in because we are covering our own interests to be able to do that. that is a signifi
i wanted to pick up where the senator left off, on the issue of debt ceiling. we are using extraordinary measures. do extraordinary measures have cost to the taxpayer? sec. mnuchin: yes. >> give me a guess as to what they cost the taxpayer when we move past the time period and wait and delay the decision on the action. sec. mnuchin: there is a significant cost. it is twofold. the first cost is a real cost, which is right now effectively, as opposed to barring in the market at lower rate,...
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Sep 22, 2013
09/13
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economy and 61% of voters said, don't raise the debt ceiling anyway. of here are a large block republican voters who think it will cause serious harm but to do. willing jo they don't want to shut theythe government because hink they'll lose their majority. hasdebt default, john baner told every other street that default will be catastrophic and willing to go there. and you're not willing to do it's next to impossible to fund the law. much.ank you very it.eciate the next washington journal, the president of a a responsible federal budget will talk about budget negotiations in congress and the potential for a down.ment shut and then we'll hear from kaiser health news reporter about the care act and how the law affects workers. how members of congress pend taxpayer dollars on overseas travels. investigator reporter has that. washington journal live at eastern with your calls and the day's headlines. senate apital hill the will be in tomorrow and votes won't be held until tuesday. a y'll shall working on judicial nomination and sometime this week the senat
economy and 61% of voters said, don't raise the debt ceiling anyway. of here are a large block republican voters who think it will cause serious harm but to do. willing jo they don't want to shut theythe government because hink they'll lose their majority. hasdebt default, john baner told every other street that default will be catastrophic and willing to go there. and you're not willing to do it's next to impossible to fund the law. much.ank you very it.eciate the next washington journal, the...
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Mar 17, 2013
03/13
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obviously the president is refusing to negotiate again on the debt ceiling. >> if they did that, they came together and got some sort of grand bargain in the budget process, does that avoid deadlines like the debt ceiling? does it get wrapped into there and deal with sequestration? >> that would be the idea. resolve the issues for the past several years. so the president would not have to do with it in the next couple of years. debating aing now continuing resolution which funds the government, keep the government running, what is the difference between that and what russell was talking about? >> we have not had budgets. we of been running on the stopgap system of confrontations every six months between democrats and republicans over the so-called continuing resolutions which keep the government running. over the past two years we have seen this circus of arguments between the two sides over extracting additional spending cuts in exchange for continuing resolutions. the one interesting thing i saw from the congressman is a looks like maybe we will see an end to that, and maybe the hou
obviously the president is refusing to negotiate again on the debt ceiling. >> if they did that, they came together and got some sort of grand bargain in the budget process, does that avoid deadlines like the debt ceiling? does it get wrapped into there and deal with sequestration? >> that would be the idea. resolve the issues for the past several years. so the president would not have to do with it in the next couple of years. debating aing now continuing resolution which funds the...
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Dec 4, 2016
12/16
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debt targets as a share of gdp is important i really like that it switches the debt ceiling to look at debt as a share of gdp which is the right way to think about it, i think. but i think having the sequester-like if you fail to hit your debt targets it's only spending targets, i'm all for broadening the base. i don't think putting medicare and social security is a bad thing. of could have to types sequesters. you can have one where you have one that nobody wants to fix. we thought we had that with the sequester. turns out we didn't. so maybe we don't understand what people are willing to do to not make the hard choices. or, two, to get a southwest you through the debt targets through. to have a biased approach doesn't make any sense at all. i thought you could have huge tax cuts and never vote for cuts and entitlement spend issing would not make this plausible to begin with. you want both sides to adopt them and both sides to think the rules are fair. but i do think it is is an interesting time for a whole fresh start for a budget process. if we followed the old process, it would be
debt targets as a share of gdp is important i really like that it switches the debt ceiling to look at debt as a share of gdp which is the right way to think about it, i think. but i think having the sequester-like if you fail to hit your debt targets it's only spending targets, i'm all for broadening the base. i don't think putting medicare and social security is a bad thing. of could have to types sequesters. you can have one where you have one that nobody wants to fix. we thought we had that...
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Nov 8, 2010
11/10
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the debt ceiling is our obligation to meet the debt that we've run up. a colleague of mine made the analogy of someone going on a spending spree, buying a yacht, having a party, and then when the bill arrived, they say i cannot pay that, it is too high. that is not where you make the decision on spending. you make it earlier. once you do, you have to live up to your obligations. host: looking at the historical levels of u.s. debt. do those figures out about right? guest: i think they do. a lot of that is our obligation to investors, domestic and foreign. part of that is the government borrowing from itself, dipping into the social security trust fund, other things, to keep things going. that is factored into the $13 trillion totaled. host: joe, a long island, new york. caller: talking about debts and deficits, one thing i did not hear about before, a total of the fall. -- total default. what happens, for example, if california goes bankrupt? if i could not pay my bills, the creditors would line up to take my car, my house. what happens when a large state
the debt ceiling is our obligation to meet the debt that we've run up. a colleague of mine made the analogy of someone going on a spending spree, buying a yacht, having a party, and then when the bill arrived, they say i cannot pay that, it is too high. that is not where you make the decision on spending. you make it earlier. once you do, you have to live up to your obligations. host: looking at the historical levels of u.s. debt. do those figures out about right? guest: i think they do. a lot...
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Jun 12, 2012
06/12
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we were discussing the position on raising the debt ceiling. i asked -- would you really push hard enough that we would go into default? candidate i thought was reasonably bright and articulate and do something about this the said -- yes, because everyone would know it would just be a technical default. the u.s. government is not really going to default. i thought to myself that i'm sure the european market would be very affected by that i don't know whether that is radical but that is different. we will now go to each of argentum and who will have five minutes closing statements and i will have a brief conclusion. -- we will now go to each of our gentleman will have a five minute closing statement and i will have a brief conclusion. let's go to steve. >> ok, let me start my time -- it seems that you cannot conclude the republican party is too extreme when you began with an odd premise that democrats are liberals and really pragmatic problem solvers. in the case of obama, they self- conscious to use the rhetoric of large-scale changes. when con
we were discussing the position on raising the debt ceiling. i asked -- would you really push hard enough that we would go into default? candidate i thought was reasonably bright and articulate and do something about this the said -- yes, because everyone would know it would just be a technical default. the u.s. government is not really going to default. i thought to myself that i'm sure the european market would be very affected by that i don't know whether that is radical but that is...
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Sep 22, 2013
09/13
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he went after a massacre and said he will not take the debt ceiling. one thing people might be asking themselves is the government shut down worse to defund the president's affordable care act? any there are two different answers to this. among republicans, and these are the people that hate obamacare the most, 60 six percent of republican voters told us a default would do serious harm -- 66% of republican voters told us default would do serious home. 51% said do not raise the debt ceiling. bloc ofe a large republican voters who think caused it will serious harm. they are willing to do it. i think republicans in the house leadership do not want to shut down the government. i think they think they will lose their majority or puts the majority at risk. john boehner has told wall street and every other street that the default is going to be catastrophic and he is not willing to go there. if you're not willing to do either of those things that will be next to impossible to defund the law. >> we will see what happens. paul kane, jake sherman, thank you very
he went after a massacre and said he will not take the debt ceiling. one thing people might be asking themselves is the government shut down worse to defund the president's affordable care act? any there are two different answers to this. among republicans, and these are the people that hate obamacare the most, 60 six percent of republican voters told us a default would do serious harm -- 66% of republican voters told us default would do serious home. 51% said do not raise the debt ceiling....
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Jun 17, 2012
06/12
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somebody asked was the debt ceiling debate an example of extremism? or do you think it was inappropriate tool to constrain government? >> i would answer it this way. the fight over the debt ceiling represents the new moment we are in. enough is enough. it is a dangerous thing to do. i'm not very impressed by credit ratings. it the downgrade does not get me terribly excited. the optimists in me thinks that, however this turns out, that the first run of the debt ceiling agenda is a bit of a train wreck. this turned out to be the key moment when people came back and said there would have to see their way through it. we can play lots of games about a lame duck session depending on election results, but i will stop there. >> is this a modern version of the game of chicken and they play a better than the republicans -- than the democrats? >> on appaled what has happened. you do not play chicken with the full faith and credit of the united states. it's true. we're one of only two countries that does and you are ratifying previous debts and it has been a poli
somebody asked was the debt ceiling debate an example of extremism? or do you think it was inappropriate tool to constrain government? >> i would answer it this way. the fight over the debt ceiling represents the new moment we are in. enough is enough. it is a dangerous thing to do. i'm not very impressed by credit ratings. it the downgrade does not get me terribly excited. the optimists in me thinks that, however this turns out, that the first run of the debt ceiling agenda is a bit of a...
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7.0
Oct 22, 2021
10/21
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the debt ceiling is outrageous. the debt ceiling is an artificial thing where the question is do we pay our bills or do we default on them. raising the debt ceiling has nothing to do with authorizing who is spending. all of the tax cuts in the trump your cost several trillions of dollars and those have to be paid for. part of the debt ceiling is to accommodate what trump did with those tax cuts. and i'm not and never have opposed meeting america's obligation to pay its bill. that would be catastrophic. i do go back to senator mcconnell. he has been clear in the past that america cannot default. he is very clear now in the present that he is not going to do anything to help avoid a default. he will do everything possible to make it difficult for the democrats and u.s. senate to have any republican support them on a default. it is a pretty outrageous position i senator mcconnell, totally for political purposes, and a way that can be damaging to everybody, everybody in this country. i want our social security checks to
the debt ceiling is outrageous. the debt ceiling is an artificial thing where the question is do we pay our bills or do we default on them. raising the debt ceiling has nothing to do with authorizing who is spending. all of the tax cuts in the trump your cost several trillions of dollars and those have to be paid for. part of the debt ceiling is to accommodate what trump did with those tax cuts. and i'm not and never have opposed meeting america's obligation to pay its bill. that would be...
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Dec 11, 2012
12/12
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the debt ceiling negotiations? wasn't that one of the items on the table that the president had already agreed to? $100 billion -- >> again, i don't have the specifics for the different generations here. but time has passed and there's been some impacts on the medicaid program that change our calculations on this. but we're not talking about a sizable portion of the proposed specific proposed savings from health care entitlements or overall savings from mandatory indictment programs. and -- entitlement programs and we would find our savings, we will propose other savings to make up for the difference. the fact is that the vast majority of these proposed savings account for a higher degree of specificity than we have seen by far from the republicans. and -- going back to the revenue side of this we've seen exactly no specificity from the republicans except for a vague promise of an insufficient number, $800 billion in revenue, gleaned from unnamed cap deductions. so if the issue is where are your proposals, i think
the debt ceiling negotiations? wasn't that one of the items on the table that the president had already agreed to? $100 billion -- >> again, i don't have the specifics for the different generations here. but time has passed and there's been some impacts on the medicaid program that change our calculations on this. but we're not talking about a sizable portion of the proposed specific proposed savings from health care entitlements or overall savings from mandatory indictment programs. and...
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Jun 1, 2012
06/12
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debt, the debate over the debt ceiling. let me put one economic article, "usa today," federal workers numbers decline, slight drop, a huge shift from recent expansion. here's what denis reports. the federal government has started to trim its workforce, ending several years of explosive and controversial growth that came at a time when private companies and state and local governments slashed jobs. host: next is a call from california. this is diane, a democrat there. good morning. caller: good morning. how are you? host: fine, thank you. caller: when you started out your issue here this morning, the question on cybercriminals or cyberterrorism, the first thing that came to my mind was secretary michael chert off, -- chertoff, who was before many hearings in the senate, rempsed a program they had way back in 2005, and just six points that he had put in the topics were specific, so he brought up cyberterrorism many, many years ago. i have been predicting our grid would be hacked into for many years, reference the cyberterrori
debt, the debate over the debt ceiling. let me put one economic article, "usa today," federal workers numbers decline, slight drop, a huge shift from recent expansion. here's what denis reports. the federal government has started to trim its workforce, ending several years of explosive and controversial growth that came at a time when private companies and state and local governments slashed jobs. host: next is a call from california. this is diane, a democrat there. good morning....
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0.0
Jun 8, 2023
06/23
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caller: i'm calling about the debt ceiling. if steve ban none got -- bannon got $4 million back he stole. marjorie taylor greene would get the money back from covid. matt gaetz get the money back from covid. kim kardashian, trump around her waist, he gave her money for covid. think of the money we would have. we would have no problem about giving the poor people a few dollars. thank you. guest: i don't have any comments on kim kardashian. host: darell. darell is in matthews, north carolina, independent line. caller: good morning. for your guest i'm concerned with the national debt. i have two questions for your questions. guest. does he have the same concern on the right with the left with the debt? and second i hear much talk about the hard right. could your guest define what he means by hard right. does he see them in the negative and obstruction to getting things done? thank you. guest: let me lay out -- we have the sort of monikers for various factions in the republican party. certainly for the house republican conference b
caller: i'm calling about the debt ceiling. if steve ban none got -- bannon got $4 million back he stole. marjorie taylor greene would get the money back from covid. matt gaetz get the money back from covid. kim kardashian, trump around her waist, he gave her money for covid. think of the money we would have. we would have no problem about giving the poor people a few dollars. thank you. guest: i don't have any comments on kim kardashian. host: darell. darell is in matthews, north carolina,...
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71
Oct 16, 2013
10/13
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want to live the debt ceiling. is, the only conversation i've had with the speaker on the subject was yesterday when i called him and said, if the senate bill materializes, why don't you take that up immediately? you take it up tomorrow, send it to them, and under our procedures, they can take it up in a much more rapid form been if they originated the bill. that is the conversation. when the speaker talks about working in a bipartisan way, i don't know who is talking to. >> the sticker was here just a bit ago. he pulled back from the plan. let me play devil's advocate -- >> isn't that your role? >> you are familiar with the internal pressures he faces with a certain wing of his conference, but that said, what is the responsible thing to that -- from >> no, thank you for bringing up tarp. tarp helped democrats say the country from going over the brink. he could not deliver the votes than from his caucus when it was his his own private -- when it was his own president of the united states, president bush. what the s
want to live the debt ceiling. is, the only conversation i've had with the speaker on the subject was yesterday when i called him and said, if the senate bill materializes, why don't you take that up immediately? you take it up tomorrow, send it to them, and under our procedures, they can take it up in a much more rapid form been if they originated the bill. that is the conversation. when the speaker talks about working in a bipartisan way, i don't know who is talking to. >> the sticker...
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Oct 12, 2013
10/13
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it would extend the debt ceiling for one year. a vote on the measure is expected to be held around noon. meanwhile, negotiations among house republicans, senate democrats, and the president continue, as they try to reach an agreement to end the federal government shutdown and how to move forward on the debt ceiling. you can watch the house live on c-span, the senate on c-span2. >> we want to know how the government shutdown is affecting you. please send us your videos. >> make your short video message and upload it from your mobile device and see what others are touting about. >> next, representative michele watchman, american values president gary beauer, sandy rios and former 2012 presidential candidate rick santorum. their remarks were part of this weekend's values voters summit in washington, d.c. hey spoke for about two hours. >> well, folks, our next speaker is not only the first republican woman to serve in the house of representatives for the state of minnesota, she's also the first republican woman to run for the united s
it would extend the debt ceiling for one year. a vote on the measure is expected to be held around noon. meanwhile, negotiations among house republicans, senate democrats, and the president continue, as they try to reach an agreement to end the federal government shutdown and how to move forward on the debt ceiling. you can watch the house live on c-span, the senate on c-span2. >> we want to know how the government shutdown is affecting you. please send us your videos. >> make your...
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97
Feb 12, 2014
02/14
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no republican senator voted to lift the debt ceiling. every one of them voted to default on the full faith and credit of the united states. it's really important that the public understand what is at stake in these debates. today is president lincoln's birthday, february 2, is when we used to always celebrate it. now it's a whole weekend and a week and the rest. february 12. president lincoln said, public sentiment is everything. the public has to know how they are affected by public policy in washington, d.c. they want america to have a raise. america deserves a raise. the work eth exis alive and well in our country, we're hearing from economists how the creativity thrives across america and that is what creates jobs for an economy that works for all americans. so we're very excited that a year of action, working with the president, hopefully working in a bipartisan way and in that spirit, i'm pleased to yield to the distinguished democratic whip of the house, the gentleman from maryland, mr. hoyer. mr. hoyer: thank you, madam leader. c
no republican senator voted to lift the debt ceiling. every one of them voted to default on the full faith and credit of the united states. it's really important that the public understand what is at stake in these debates. today is president lincoln's birthday, february 2, is when we used to always celebrate it. now it's a whole weekend and a week and the rest. february 12. president lincoln said, public sentiment is everything. the public has to know how they are affected by public policy in...
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46
Aug 23, 2017
08/17
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we will talk about the debt ceiling and wall street. the deadline is coming up to raise the debt ceiling. stick around. that is coming up in about a half hour this morning on the washington journal. dave is on the line for republicans. go ahead. caller: yes sir. i've a statement to make about charlottesville. if no one from the left had shown up in schulz felt and just let the idiots do their little rally about the statute, it would have been a fifth page story in a local newspaper, and you would never have had any of this. that is it. plain and simple. if you do not show up to protest these dummies, they do not get national press. you show up in protest, and they have national coverage all week now. host: alan is up next on the line for republicans. caller: yes, thank you for having me. i am listening to all these people call in. they are obviously not watching true news. they are watching editorials, peoples with opinion -- people with opinions. the fact of the matter is that this man did not need the job as president. he is not a rac
we will talk about the debt ceiling and wall street. the deadline is coming up to raise the debt ceiling. stick around. that is coming up in about a half hour this morning on the washington journal. dave is on the line for republicans. go ahead. caller: yes sir. i've a statement to make about charlottesville. if no one from the left had shown up in schulz felt and just let the idiots do their little rally about the statute, it would have been a fifth page story in a local newspaper, and you...
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0.0
Sep 30, 2017
09/17
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as a conceptual idea, are you in favor of getting rid of the debt ceiling as a matter of law and as a matter of practice? i asked the president about this, and he was open to the idea. >> as you know, there are certain things i come to with a lot of experience and some things i didn't -- the debts dealing i had heard a lot about that until you actually go through the debt ceiling it's a little bit different. i was operating the government like a piggy bank, sitting every day with my team working on our cash numbers and watching what came in and out and we were operating with too little cash. the first thing is i was very happy that the debt ceiling got raised but the first thing i did that day was raisin next or $20 billion for same day settlement to increase cash. my view is that congress has every right to appropriate money and they get to do's white house and it will stop the wind we agreed to spend the money we need to agree to be able to pay for it. get rid of it or whether we approve a debt ceiling simultaneous with spending, in one way or another we need to give out how this ex
as a conceptual idea, are you in favor of getting rid of the debt ceiling as a matter of law and as a matter of practice? i asked the president about this, and he was open to the idea. >> as you know, there are certain things i come to with a lot of experience and some things i didn't -- the debts dealing i had heard a lot about that until you actually go through the debt ceiling it's a little bit different. i was operating the government like a piggy bank, sitting every day with my team...
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Oct 15, 2013
10/13
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limit for raising the debt ceiling for default? >> those are two different things. on october 17, as the treasury secretary has noted, the united states runs out of borrowing authority. and beyond that point, we only have cash on hand available on hand to pay our bills. the secretary of treasury has testified to this. so i would put to his statements about that fact. but as everyone knows, in order to meet all of our obligations as a country, the united states needs borrowing authority in order to make sure that all of our bills are paid. all of the obligations that congress has made, all of the bills that congress has incurred will come due. and if we can only pay those bills with cash on hand, that is a problem -- >> we have a countdown clock and counting down to midnight tomorrow, but is it midnight tomorrow? >> i would -- as much as i would like to improve the quality of the coubtdown clocks, i would have to refer you to treasury on the minute and hour. >> when does congress need to act by? do they need to pass something by tom
limit for raising the debt ceiling for default? >> those are two different things. on october 17, as the treasury secretary has noted, the united states runs out of borrowing authority. and beyond that point, we only have cash on hand available on hand to pay our bills. the secretary of treasury has testified to this. so i would put to his statements about that fact. but as everyone knows, in order to meet all of our obligations as a country, the united states needs borrowing authority in...
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Oct 15, 2013
10/13
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the debt ceiling deadline. and some reaction from the markets is that deadline approaches, this is reporting from bloomberg, the headline -- treasury rate bill surge. that's from "the wall street journal" this afternoon. and the senate -- excuse me, the house rules committee is set to meet in about 10 minutes from now, 5:40 eastern. from hairage action, that's the political -- heritage action, that's part of the heritage foundation, headed by former senator jim demint, they're the ones that funded that defund obamacare tour over the august recess. this is a tweet from heritage action on how members should vote saying, key vote no on house spending and debt deal. that's from heritage action. earlier today we covered a number of former military personnel, veterans and their families, the military coalition held an event in washington representing a number of different constituencies as we look at the house rules committee. we're going to take and show you some of that event today on the impact of the shutdown on
the debt ceiling deadline. and some reaction from the markets is that deadline approaches, this is reporting from bloomberg, the headline -- treasury rate bill surge. that's from "the wall street journal" this afternoon. and the senate -- excuse me, the house rules committee is set to meet in about 10 minutes from now, 5:40 eastern. from hairage action, that's the political -- heritage action, that's part of the heritage foundation, headed by former senator jim demint, they're the...
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0.0
Apr 28, 2023
04/23
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we will continue the conversation about the debt ceiling and talk about policy with texas democrat green. watch on c-span or c-span now, our free mobile video app. join the discussion with your facebook comments, text messages and. -- tweets. >> it c-span is your unfiltered view of government we are funded by these television, -- television communities and more. >> we are just getting started. building 100,000 miles of new infrastructure to reach those who need it the most. >> charter communications support c-span is public service along with these other television providers, giving you a front row seat to democracy. pres. biden: the very first president to attend a white house correspondent dinner was calvin coolidge. i had just been elected to the united state senate. >> at the white house correspondents dinner, the premier event is saturday, watch this year's headliner, the daily show's roy wood junior, and president biden will deliver a speech. on 6:00 eastern on our free mobile video app and also online at span.org. live on c-span. >> south korean president yoon enjoy -- addressed a
we will continue the conversation about the debt ceiling and talk about policy with texas democrat green. watch on c-span or c-span now, our free mobile video app. join the discussion with your facebook comments, text messages and. -- tweets. >> it c-span is your unfiltered view of government we are funded by these television, -- television communities and more. >> we are just getting started. building 100,000 miles of new infrastructure to reach those who need it the most. >>...
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130
Jun 27, 2012
06/12
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eye 130
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when we get to the debt ceiling, which is not a government shutdown and is much more interesting, you could look and see as not pay our debt. this will become a moment of real truth. if we go through what we did last august acting like we were children in not understanding we were dealing with the global infrastructure. friends that used to work with me in the bond market are going to run. when my best friends said do not worry. he said that the panic starts i will be the first one out the door. >> let me ask you one final question. i want to make sure with your expertise that that we give people a sense of what is the issue. we talked about furloughs as one of the necessary responses. it has to apply in all these different accounts. let me imagine a big ship being built. a shift thatis takes four or five years to build. it is one or two years into construction. congress has the right to look at that process and decide if they still need it. there are huge inefficiencies. what is going to happen in sequestration? they will have 80% of the funds they would have needed to do the constru
when we get to the debt ceiling, which is not a government shutdown and is much more interesting, you could look and see as not pay our debt. this will become a moment of real truth. if we go through what we did last august acting like we were children in not understanding we were dealing with the global infrastructure. friends that used to work with me in the bond market are going to run. when my best friends said do not worry. he said that the panic starts i will be the first one out the...
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72
Sep 21, 2013
09/13
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you have the debt ceiling that is coming up shortly as well. we plan on tackling the desolate next week as saying that the country pays our debts. we are going to make sure that the president helped a lot will be delayed. we are going to put some provisions like the keystone pipeline in the bill. this will create over 25 million jobs. the president is looking to special interest. say yes toe actually those american jobs and get our showsy moving again? it we are doing our job and will continue to fight to keep government funded but to address the problems in our economy like the health care law. >> watch more with republican house chair representative steve scalise tomorrow on "newsmakers." >> president obama will beat with family members of the 12 victims were killed during the last week shooting at the navy yard and deliver remarks at the memorial along with defense secretary chuck hagel and navy secretary. you can watch our live coverage beginning at 5:00 p.m. eastern here on c-span. >> the subject of whistleblowers is an important and sensi
you have the debt ceiling that is coming up shortly as well. we plan on tackling the desolate next week as saying that the country pays our debts. we are going to make sure that the president helped a lot will be delayed. we are going to put some provisions like the keystone pipeline in the bill. this will create over 25 million jobs. the president is looking to special interest. say yes toe actually those american jobs and get our showsy moving again? it we are doing our job and will continue...
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80
Oct 14, 2013
10/13
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eye 80
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if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme court might rule. my recommendation is order me as treasury secretary to pay the bills as they come in on time and in full, and those people who feel they have been aggrieved can take this to the supreme court. host: what has the white house said about the option? guest: that line of reasoning has been rejected. i think i know why. they do not want that situation to recur. they are not wanting the president -- host: sounds like you think the option might be on the table. guest: i do not know what secretary lew will recommend. for
if the debt ceiling is not raised. there are others like laurence tribe who say you cannot do that because that would lead to lawlessness. i wonder what he thinks the present situation is going to lead to. if the president of the united states said tomorrow morning we're going to default on some of our debt, we are not going to pay these, what do you think i should do? you cannot go down in history as the first president who defaulted on american sovereign debt. we do not know what the supreme...
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Jan 11, 2015
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. >> another debate you'll have this year is over the debt ceiling and raising it. congressman price brought up a few weeks ago, suggested the idea of revising the boehner rule, which would result in every increase in the ceiling, would be matched with a decrease in discretionary funding. i'm assuming you wouldn't be for that. do you think that this could possibly lead to a show-down between republicans in congress and president obama? >> well, i really thought we'd gotten over using the debt ceiling as a political weapon because it has such devastating economic consequences. the consequences of a government shutdown are very disruptive and bad for the economy. but the consequence of the united states defaulting the debt obligations would be catastrophic catastrophic. and you know, mitch mcconnell, when he was elected republican leader, said that republicans aren't going to do that again. so i hope tom price will at least in this instance listen to what senator mcconnell has to say. that would create a huge amount of disruption in the economy. >> and let me ask you
. >> another debate you'll have this year is over the debt ceiling and raising it. congressman price brought up a few weeks ago, suggested the idea of revising the boehner rule, which would result in every increase in the ceiling, would be matched with a decrease in discretionary funding. i'm assuming you wouldn't be for that. do you think that this could possibly lead to a show-down between republicans in congress and president obama? >> well, i really thought we'd gotten over...
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Dec 3, 2021
12/21
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they have to find a way to avert a default on the national debt by raising the debt ceiling as soon as two weeks from now. december 15 is the earliest. the treasury secretary janet yellen is said it's possible the u.s. government would run out of money to pay -- make its payments in full. senate majority leader chuck schumer talked about passing the build back better act for christmas. they would likely still go back to the house once the senate makes further changes because of changes that democratic senators want to make to the bill or that the senate parliamentarian and budget rules would preclude from including in the final package. that's another big priority. the annual military policy bill. the national defense authorization act sort of stalled at the moment. an amendment from senator rubio that would crack down on forced labor camps in china that rubio and others would like to see included in this defense policy bill, but it's having trouble in the house. and could potentially doom it over there. so that bill, which has passed could potentially fall by the wayside as well. a lo
they have to find a way to avert a default on the national debt by raising the debt ceiling as soon as two weeks from now. december 15 is the earliest. the treasury secretary janet yellen is said it's possible the u.s. government would run out of money to pay -- make its payments in full. senate majority leader chuck schumer talked about passing the build back better act for christmas. they would likely still go back to the house once the senate makes further changes because of changes that...
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Jul 13, 2011
07/11
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that's why i have introduced h.r. 2409, the debt ceiling reduction act, which would lower the debt ceiling to $13 trillion. and that would force politicians in washington to make the cuts to our budget that our economy so desperately needs and start figuring out how to pay off this unsustainable debt that we have created. mr. speaker, madam speaker, i hope that my colleagues on both sides of the aisle will co-sponsor and support this legislation. it's a great way to both create jobs and to create a strong economy. i yield back. the speaker pro tempore: the chair recognizes the gentlewoman from texas, ms. jackson lee, for five minutes. ms. jackson lee: thank you very much, madam speaker. and i wish to this morning raise concerns that are international and domestic. i rise today to ask the question when will dr. assad, the president of syria, begin to act in a manner that respects the human dignity of the people of syria? it is a tragedy to watch as the -- to see one country that, one, had hoped would realize that a civilized government respects the dignity of its people. syrian americans ar
that's why i have introduced h.r. 2409, the debt ceiling reduction act, which would lower the debt ceiling to $13 trillion. and that would force politicians in washington to make the cuts to our budget that our economy so desperately needs and start figuring out how to pay off this unsustainable debt that we have created. mr. speaker, madam speaker, i hope that my colleagues on both sides of the aisle will co-sponsor and support this legislation. it's a great way to both create jobs and to...
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Dec 12, 2012
12/12
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cuts in the last debt ceiling agreement. that is probably our biggest disappointment, when i look back on it. if we had gotten a better outcome in that debate and that fight, it might have had an impact on who and one in the past election. like we tell our kids all the time, you make decisions. they have consequences. we made a decision to go along with a deal and that is a and bad policy. doing the things, conservatives and republicans stand for and been told republicans we were going to do -- the same situation, where we did not get it done, is my biggest regret. >> you are taking on a great organization. in the past 15 years, it has gone from 17 members to 170 members. extraordinary expansion because of a good leadership, and because this is the zeitgeist. what to expect to see you building on? what are your big parties? >> of want to thank you for the leadership and wisdom and you give. you have spoken to the rsc in number of times. the more we talk about them, he and especially in those terms, we have a much but ability
cuts in the last debt ceiling agreement. that is probably our biggest disappointment, when i look back on it. if we had gotten a better outcome in that debate and that fight, it might have had an impact on who and one in the past election. like we tell our kids all the time, you make decisions. they have consequences. we made a decision to go along with a deal and that is a and bad policy. doing the things, conservatives and republicans stand for and been told republicans we were going to do --...